down payment
noun
: a part of the full price paid at the time of purchase or delivery with the balance to be paid later
broadly
: the first step in a process
Examples of down payment in a Sentence
She made a 10 percent down payment on the car.
We put a down payment on the house.
Recent Examples on the Web
Officials have tried to boost home sales through measures like lowering down payments and interest rates, yet home prices are still declining.
—
Lionel Lim, Fortune Asia, 16 Apr. 2024
Still more are selling their old home and turning their considerable equity into hefty down payments well over 20%.
—Andrew Khouri, Los Angeles Times, 11 Apr. 2024
See all Example Sentences for down payment 
Lionel Lim, Fortune Asia, 16 Apr. 2024
Still more are selling their old home and turning their considerable equity into hefty down payments well over 20%.
—Andrew Khouri, Los Angeles Times, 11 Apr. 2024
See all Example Sentences for down payment
These examples are programmatically compiled from various online sources to illustrate current usage of the word 'down payment.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.
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Cite this Entry
“Down payment.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/down%20payment. Accessed 3 May. 2024.
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